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Money & Banking - Govt Bonds
Bond prices move up

Mumbai, Nov 22

The bond prices went up by two paise and the yields fell by one basis point on Thursday backed by the improvement in the cash conditions in the system. There was surplus cash of Rs 4,055 crore, which the banks parked with the Reserve Bank of India through the reverse repo window. “The liquidity is comfortable, but oil prices are still a cause of concern,” said a dealer with a private bank. The total traded volumes on the order matching system were at Rs 1,280 c rore (Rs 1,040 crore). The 7.99 per cent- 10 year-2017 paper opened at Rs 100.72 (7.88 per cent YTM) and closed at Rs 100.70 (7.88 per cent YTM), against the previous close of Rs 100.68 (7.89 per cent YTM). The 8.20 per cent-2022 paper opened at Rs 100.14 (8.18 per cent YTM) and closed at Rs 100.21 (8.17 per cent YTM), against the previous close of Rs 100.12 (8.18 per cent YTM).

— Our Bureau

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